Markets

The 11 Largest Bankruptcies In American History

In the wake of American Airlines’ bankruptcy, we wanted to revisit the Wall Street Journal’s great list of the 10 biggest Chapter 11 filings in U.S. history. That list now up to 11, thanks to  MF Global, which comes in at #8.American Airlines had $24.7 billion in assets at the time […]
The 11 Largest Bankruptcies In American History
Markets

David Einhorn Goes In Big On CIT Group And Pfizer

David Einhorn’s Greenlight bet big on CIT group last quarter.The fund owned around 6.3 million in the 4th quarter and last quarter, Q1, Greenlight bought up 4 million more shares to bring his total to around 10 million shares worth ~$420 million.
David Einhorn Goes In Big On CIT Group And Pfizer
Markets

The Market’s Dogs Are Really Enjoying Today’s Rally

Pretty much any company that was a recipient of TARP money or filed for bankruptcy is kicking arse and taking names today. Shares of American International Group (AIG) are up 2.5% to $34.45 a share. Fannie and Freddie are both enjoying rock solid gains. Freddie Mac (FRE) is up 6.75% […]
The Market’s Dogs Are Really Enjoying Today’s Rally